XRP Sees Strongest August Performance in Five Years
XRP has seen its strongest August performance in five years, with a price increase of approximately 40% since the start of the month.
The asset's price broke through a key resistance level at $1.1470 and reached as high as $1.4853.
Despite the strong rally, there are no signs of overbought conditions, with the Relative Strength Index (RSI) remaining between 49 and 55.
If a correction does occur, analysts are watching the $1.14 to $1.24 range as a potential re-entry zone.